Alphabet Inc.’s Verily announced Thursday that it is raising $700 million in a funding round led by its parent companies Silver Lake, Temasek, and the Ontario Teachers’ Pension Plan. The company said it would use the capital to expand its Baseline and Verily Health Platforms business. Additionally, Verily plans to advance its life science programs in the fields of surgery, pathology and immunology.
“We are humbled and very excited about the opportunity to expand our coverage and rapidly improve our products and services. With a new round of funding from our largest investors, they are strengthening their commitment to help accelerate our initial vision,” said CEO Andrew Conrad.
Meanwhile GOOGLE slightly weakened, down around 0.90% yesterday; after forming a new peak of $1846 two weeks ago, no new peaks have been formed. Divergence bias is seen and the current AO is at the neutral line, with the price in the lower band and below the 20-day moving average. Overall prices are still trending upwards, however in general December activity and volume have been somewhat limited. The lower Bollinger band and 50-day moving average provide next support at the top of the November gap around $1700-10, below is $1650 and then the significant 200-day moving average at $1550.
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Ady Phangestu
Analyst – HF Indonesia
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